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Forschungsstelle
BFE
Projektnummer
SI/501562
Projekttitel
Expectation formation in energy markets and its impact on the success of future energy policies

Texte zu diesem Projekt

 DeutschFranzösischItalienischEnglisch
Schlüsselwörter
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Kurzbeschreibung
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Erfasste Texte


KategorieText
Schlüsselwörter
(Englisch)
energy markets; expectations; energy policies
Kurzbeschreibung
(Englisch)

Most of economic research deals with history-dependent equilibria leaving no room for expectations. We argue that the formation and the coordination of expectations are crucial for the success of energy policies. Specifically, we want to find out why market participants expect a new energy system to be successful. We seek to derive how policies affect the coordination of expectations in a market and to assess the consequences quantitatively.

Publikationen / Ergebnisse
(Englisch)
Zugehörige Dokumente
Schlussbericht
(Englisch)
The project builds on the hypothesis that current research and policy debates put a too strong emphasis on the historic evolution of economy, technology, and energy systems. As a matter of fact, most of the literature in energy and macroeconomics deals with purely historydependent equilibria. We argue that the formation of expectations and the coordination of expectations by appropriate policies are crucial for the success of future energy policies.
Zugehörige Dokumente